CLIMATE RISK DISCLOSURE AND FIRM PERFORMANCE EVIDENCE FROM NIGERIAN OIL AND GAS COMPANIES (2021-2024)

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🔬研究者:Provides empirical evidence from an under-researched market on climate disclosure and performance.

🏢実務担当者:Highlights potential benefits of proactive climate risk disclosure for firm performance.

🏛政策担当者:Supports policies encouraging climate risk disclosure in emerging economies.

This study examined the relationship between climate financial risk disclosure (proxied by DISINDEX) and firm financial performance. The study focused on how companies' transparency in disclosing climate risks and strategies influences their financial outcomes.The study utilized ex-post facto and longitudinal research design of which data from ten (10) oil and gas companies quoted on the Nigeria exchange group within the period of 2021-2024 was utilized in the study. The data were analyzed using the robust least squares to examine the relationship that exist between the variables.The result of the findings indicates that climate risk management was found to have a positive relationship with firm financial performance and also statistically significant at 5% level of significance. Although the Rw squared reported a low value which also gave further awareness about the fact that other factors such as size, age of firm and leverage have a major role to play when examine the level of climate risk disclosure in an organisation. It was therefore recommended that effective climate financial risk disclosure serves as a proactive tool that companies use to navigate the complexities of climate change, better anticipate future risks, and capitalize on emerging opportunities. Thus adequate disclosure of this risk is therefore relevant for most organisations.

• crossref https://doi.org/10.57233/ijamer.v2i2.04first seen 2026-06-29 06:02:41 · last seen 2026-07-08 06:56:45